D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Strong Trading Volume – Here’s Why

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw unusually-strong trading volume on Friday . Approximately 188,626 shares changed hands during trading, a decline of 22% from the previous session’s volume of 242,273 shares.The stock last traded at $2.8550 and had previously closed at $2.78.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of D-MARKET Electronic Services & Trading to a “hold” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, January 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $3.07 price objective (down previously from $4.85) on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, November 18th. Finally, Wall Street Zen raised D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Trading Up 0.4%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.53 and a current ratio of 0.85. The stock has a market capitalization of $996.67 million, a price-to-earnings ratio of -11.16 and a beta of 2.30. The business has a fifty day simple moving average of $2.57 and a 200 day simple moving average of $2.64.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last announced its earnings results on Wednesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 5.42% and a negative return on equity of 113.69%. As a group, research analysts expect that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. UBS Group AG boosted its stake in shares of D-MARKET Electronic Services & Trading by 29.0% in the fourth quarter. UBS Group AG now owns 892,087 shares of the company’s stock valued at $2,212,000 after buying an additional 200,404 shares during the period. Aberdeen Group plc acquired a new position in D-MARKET Electronic Services & Trading in the 4th quarter valued at $191,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of D-MARKET Electronic Services & Trading by 32.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company’s stock valued at $217,000 after acquiring an additional 19,841 shares during the period. VR Advisory Services Ltd lifted its position in shares of D-MARKET Electronic Services & Trading by 14.4% during the 3rd quarter. VR Advisory Services Ltd now owns 15,941,737 shares of the company’s stock valued at $42,883,000 after acquiring an additional 2,007,252 shares during the period. Finally, Luxor Capital Group LP grew its holdings in shares of D-MARKET Electronic Services & Trading by 8.7% during the 3rd quarter. Luxor Capital Group LP now owns 3,912,903 shares of the company’s stock worth $10,526,000 after purchasing an additional 314,719 shares in the last quarter. 40.46% of the stock is owned by institutional investors.

D-MARKET Electronic Services & Trading Company Profile

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.